More

    Dogecoin (DOGE) hits a new ATH as Bitcoin bulls try to flip $63K to support

    The price of Dogecoin (DOGE) experienced a strong 36% rally on April 13 and established a new all-time high at $0.0961. While the exact reason for the rally is unknown, the crypto market’s most popular meme coin now finds itself on the shortlist of cryptocurrencies being considered as a payment option in today’s post-pandemic business reopenings. Data from Cointelegraph Markets and TradingView shows that DOGE rose 36% from a low of $0.07 in the early hours on April 13 to an intraday high of $0.0961 on $5.4 billion of trading volume. DOGE/USDT 4-hour chart. Source: TradingViewPrice growth for Dogecoin has become one of the biggest stories of 2021 as big-name influencers like Elon Musk, Snoop Dogg and Mark Cuban are proud members of the “Dogecoin Army,” as evidenced by a large number of DOGE-related tweets on their timelines. VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for DOGE on April 11, prior to the recent price rise. The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.VORTECS™ Score (green) vs. DOGE price. Source: Cointelegraph Markets ProAs seen in the chart above, the VORTECS™ Score for DOGE first began turning green on April 8 and then reached a high of 67 on April 10 around three hours before staging a brief 30% rally on April 11. Following that rally, the VORTECS™ Score began to rapidly rise on April 12 and reached a high of 87 on April 13 as DOGE began to rally another 40%. Now that cryptocurrencies are receiving mainstream attention, with new signs of adoption showing up daily, projects like Dogecoin with large communities and celebrity endorsements are poised to see a fresh wave of interest as new users enter the space looking for the next big moonshot. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, and you should conduct your own research when making a decision.

    Related articles

    Comments

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Share article

    Latest articles

    Newsletter

    Subscribe to stay updated.

    bitcoin
    Bitcoin (BTC) $ 39,694.00
    ethereum
    Ethereum (ETH) $ 2,654.43
    tether
    Tether (USDT) $ 1.00
    binance-coin
    Binance Coin (BNB) $ 334.81
    cardano
    Cardano (ADA) $ 1.33
    xrp
    XRP (XRP) $ 0.748825
    usd-coin
    USD Coin (USDC) $ 1.00
    dogecoin
    Dogecoin (DOGE) $ 0.204831
    polkadot
    Polkadot (DOT) $ 18.52
    binance-usd
    Binance USD (BUSD) $ 1.00
    uniswap
    Uniswap (UNI) $ 22.94
    chainlink
    Chainlink (LINK) $ 23.69
    bitcoin-cash
    Bitcoin Cash (BCH) $ 551.00
    litecoin
    Litecoin (LTC) $ 142.93
    solana
    Solana (SOL) $ 33.90
    wrapped-bitcoin
    Wrapped Bitcoin (WBTC) $ 39,722.00
    matic-network
    Polygon (MATIC) $ 1.06
    ethereum-classic
    Ethereum Classic (ETC) $ 51.81
    stellar
    Stellar (XLM) $ 0.280009
    theta-token
    Theta Network (THETA) $ 5.90
    vechain
    VeChain (VET) $ 0.086843
    internet-computer
    Internet Computer (ICP) $ 40.73
    dai
    Dai (DAI) $ 1.00
    filecoin
    Filecoin (FIL) $ 54.92
    compound-usd-coin
    cUSDC (CUSDC) $ 0.022108
    okb
    OKB (OKB) $ 18.81
    terra-luna
    Terra (LUNA) $ 12.06
    tron
    TRON (TRX) $ 0.065248
    cdai
    cDAI (CDAI) $ 0.021595
    monero
    Monero (XMR) $ 235.74
    aave
    Aave (AAVE) $ 325.81
    compound-ether
    cETH (CETH) $ 53.20
    eos
    EOS (EOS) $ 4.08
    ftx-token
    FTX Token (FTT) $ 36.28
    cosmos
    Cosmos (ATOM) $ 12.65
    pancakeswap-token
    PancakeSwap (CAKE) $ 16.13
    amp-token
    Amp (AMP) $ 0.067779
    crypto-com-chain
    Crypto.com Coin (CRO) $ 0.125633
    neo
    NEO (NEO) $ 44.73
    the-graph
    The Graph (GRT) $ 0.668853
    shiba-inu
    Shiba Inu (SHIB) $ 0.000006
    leo-token
    LEO Token (LEO) $ 3.08
    bitcoin-sv
    Bitcoin SV (BSV) $ 144.69
    maker
    Maker (MKR) $ 3,012.72
    tezos
    Tezos (XTZ) $ 3.18
    algorand
    Algorand (ALGO) $ 0.830298
    klay-token
    Klaytn (KLAY) $ 1.04
    celsius-degree-token
    Celsius Network (CEL) $ 6.00
    iota
    IOTA (MIOTA) $ 0.911700
    avalanche-2
    Avalanche (AVAX) $ 13.25